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11th December 2018
InnoCells moves into the Mexican market through digital start-up
InnoCells, the hub of the new digital ventures and corporate venture arm of Banco Sabadell, has participated in an investment round of MexPes121m in the Mexican start-up UnDosTres, co-led by IGNIA and Dalus Capital.
UnDosTres is a digital platform, available for desktop, mobile web and Android and iOS apps, which makes it possible to carry out online payments easily, instantly and securely. The services it offers include operations such as mobile phone top-ups and bill payments, toll payments, and cinema ticket purchases.
The capital raised will enable UnDosTres to develop new functions, which will allow the start-up to become a benchmark digital wallet in Mexico.
Arpit Gupta, co-Founder of UnDosTres, said: "Our mission is to make everyday payments seamless and easy. We are enabling every Mexican to pay anybody, for anything, at any time, with ease, speed and security, simply at the tap of a button.
“UnDosTres is building an ecosystem around payments that will drive consumption and advance financial inclusion. We are excited to partner with IGNIA, Dalus Capital and Banco Sabadell who have vast experience in the payments space.”
Julio Martínez, Executive Director of InnoCells, said: "UnDosTres has an advanced and innovative payment platform, led by a team who have very differential visions and implementation capacities. UnDosTres resolves a real problem faced by Mexican users, offering a safe solution to increasing digital payment demand to acquire day to day services.
"The investment in UnDosTres reaffirms Banco Sabadell’s commitment to satisfying and anticipating its customers’ needs in the Mexican market, which has significant growth and transformation potential."